Loading...
•
Mar 31, 2024
Scripps Q1 2024 Earnings Report
Scripps delivered strong operating results exceeding expectations due to close expense management.
Key Takeaways
The E.W. Scripps Company reported $561 million in revenue for Q1 2024. The company's loss attributable to shareholders was $12.8 million, or 15 cents per share. The company now anticipates political advertising revenue to reach between $240 million and $270 million for the year.
Scripps believes its 2024 election-year political advertising revenue will reach the range of $240 million-$270 million.
The company has begun a public process to explore the sale of its Bounce television network.
Operating performance was aided by strong Local Media political advertising and distribution revenues, a lift in direct-response advertising in the Scripps Networks division, and prudent expense management.
Scripps Networks held its first major upfront events in many years, hosting several hundred advertising agencies and buyers to showcase Scripps’ women’s professional sports programming on ION.
Revenue by Segment
Forward Guidance
Comparisons for our segments are to the same period in 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...